The world’s third-largest spirits maker, Suntory, will move production lines from China back to Japan because of the impact of the Coronavirus.
Mr. Takeshi Niinami, the chief executive of Suntory, has warned that the Coronavirus outbreak is hitting alcohol consumption, with a major impact on the catering industry, including restaurants and bars, which will eventually impact on Suntory’s sales and profits. “China will still be the production center, but the trend is to move production lines around the world, and Suntory will move its production lines gradually . . .
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